Cole Real Estate Investments held its annual stockholders' meeting today. The company is a market-leading net lease REIT. It has announced that the company's shareholders voted to amend and restate Cole's charter. The amendment will make it closer to reflect publicly listed company standards.
The company is expected to have its common stock listed in the New York Stock Exchange on June 20. It will be under the ticker symbol "COLE". Once listed, Cole Real Estate Investment will be one of the biggest publicly-traded REITs in the net lease sector. Cole has a total US$7.7 billion in gross assets. Its shareholders will have access to liquidity with flexible options to either retain or sell shares based on public market value.
Founder and Executive Chairman for Cole Real Estate Investments Chris Cole, said that the company is pleased with the outcome of its stockholders' vote. He also added that the listing in the New York Stock Exchange means the best outcome for both company and its shareholders.
During its annual meeting, the company's stockholders also reelected five of the firm's existing directors to serve Cole Real Estate Investments board.
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